Tokio Marine seeks new Umigame typhoon cat bond
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Tokio Marine seeks new Umigame typhoon cat bond


Tokio Marine & Nichido Fire is seeking to raise $200mn from a new Umigame Re typhoon cat bond, after previously tapping the ILS market for earthquake coverage.

The Umigame Re bond will provide the carrier with occurrence-based cover, split into three layers.

The lower-risk class A1 occurrence notes are being marketed with a spread of 250-275 basis points (bps), on a 0.95%

Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article